Upper Gullies, Conception Bay South - September 2026 Real Estate Report

Upper Gullies Is Quietly Outperforming - And Most Homeowners Have No Idea

If you live in Upper Gullies and you haven't checked your home's value lately, you're probably sitting on more than you think. The numbers are moving in the right direction, and the gap between what the city thinks your home is worth and what it's actually worth on today's market is getting harder to ignore.

The Vibe: What's Happening With Houses and Condos Right Now

Let's break it down by property type, because the two stories here are very different.

Houses are the clear win for us right now. The average HonestDoor Price sits at $406,539, up 3.30% from the previous period. The predicted market value is $393,546, and that number is climbing - it's already up from a 3-month moving average of $382,232. That's consistent, steady upward movement. We also rank 2nd out of 8 neighbourhoods in Conception Bay South for growth. That's not luck - that's Upper Gullies punching above its weight. Every neighbour in Kelligrews ($373,520), Seal Cove ($404,615), and Foxtrap ($345,872) is coming in cheaper. We're leading the pack.

• Average HonestDoor Price (Houses): $406,539
• Recent value change: +4.16%
• Predicted market value: $393,546
• Average rental estimate: $2,089 per month
• Rental yield: 5.82% - that's a strong return
• Airbnb estimate: $104 per night (ranked 2nd in Conception Bay South)
• Growth rank: 2 out of 8 neighbourhoods

Condos are a different conversation. The average HonestDoor Price is $439,954, but that's down 19.32% from the previous period. That's a real dip and worth watching. The silver lining - the predicted market value is actually $545,295, up from a 3-month moving average of $521,567, and recent value change shows a swing of +20.28%. So while the HonestDoor average pulled back, the forward-looking prediction is heading the other way. Condos here rank 3rd out of 8 in Conception Bay South for growth - still above average. Nearby Seal Cove ($552,976) and Kelligrews ($549,168) edge us out slightly on predicted value, but we're in the same conversation.

• Average HonestDoor Price (Condos): $439,954
• Recent value change: +20.28% (predicted)
• Predicted market value: $545,295
• Average rental estimate: $2,273 per month
• Rental yield: 3.75% - moderate, but still positive
• Airbnb estimate: $113 per night
• Growth rank: 3 out of 8 neighbourhoods

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here's the thing about your city assessment - it's a snapshot from the past. It doesn't know what sold on your street last month. It doesn't factor in what buyers are actually paying right now in Upper Gullies. It's a static number built on old data.

The HonestDoor Price is the real-world check. It pulls in current market activity and updates in real time. For house owners here, that means the difference between a stale government number and knowing you're sitting in a neighbourhood ranked 2nd for growth in all of Conception Bay South. That's the kind of information that changes how you think about your next move - whether that's selling, refinancing, or just knowing where you actually stand.

Don't wait for your next assessment letter to find out what your home is worth. By the time that arrives, the market will have moved again.

The So What - Should You Sell This Summer?

If you own a house in Upper Gullies and you've been on the fence about selling, the data is giving you a green light to at least have the conversation. Values are up, we're outpacing most of our neighbours, and rental demand ($2,089 per month average) tells you buyers see real income potential here too. That's a strong position to negotiate from.

For condo owners, the picture is a bit more nuanced. The short-term HonestDoor average dipped, but the predicted value and recent growth rate suggest the market isn't done moving upward. If you don't need to sell right now, patience could pay off. If you do need to move, price it sharp - Seal Cove and Kelligrews are sitting slightly above us on predicted value, so buyers have options nearby.

Bottom line - Upper Gullies is not a neighbourhood that's taking a breather. Houses are performing, the rental numbers are solid, and we're near the top of the local leaderboard. Check your HonestDoor Price today, because the number might surprise you.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.